Dos Hombres: Bad News on Jobless Claims and a Great Call on Silver

why are they picking on silver so much( 5 margin hikes in 8 days) why not corn sugar cocoa and the list goes on.... hmmmm i wonder

And that's all she wrote Folks. I just got stopped out on ZSL with my 6% stop while watching the video. Doesn't look like a good trade either up or down from this point forward. . .

I couldn't take the anxiety anymore. I took my profits and ran. $50K in the pocket on borrowed money. Good luck to everyone else. Got my silver net, now its time to catch some gold bugs.

25% of homes are empty here in townsend,MA. we are in big trouble and jobs are gone for good thank you all for over borrowing and buying all your foregn goods

Hmmm

I'm going to use the opportunity to buy some physical silver at a good price. Let's face it, all the reasons for owning silver rather than fiat currency still exist....

I don't own any fake silver. All mine is safe in my safe. Don't care about this "correction" one bit. It is just the crooks trying to manipulate those who they can deceive.
Silver should only be at about $35 right now anyway. I expect it to overshoot and drop down to about $30. I will be buying more there and taking physical delivery.

With GDP growing at 1.8% what did anyone expect. We are probably slipping back into recession with the jobs numbers and the end of QEII. I can't see what is going to driver our economy in the near future. We continue to move jobs and capital off shore and income is stagnant or dropping for most Americans. The consumer is running out of money, both discretionary income and credit.

the calls to sell gold and silver were to brilliant!there had to be a big seller leaking information for this many people to call a sell on silver...

i am holding my metals especilly silver, it will come back with a vengence when the economy collapes. if it doesn't go sky high it will be worth more than the dollar

I (re)watched the video on the silver call on Monday. He didn't say to short silver as far as I saw. He said he's been selling into the strength and would not buy at $50.

Where (or when in the video -- time mark) did he say short silver?

When jobless claims were down everyone said that it was a fabricated propoganda number, now it is real and a reason to criticize the President.

Next hot commodity: tulip bulbs

What does the price of silver and the suffering unemployed people in America have in common? Why do we continue to add insult to injury? Does anyone care anymore? As long as you have a job the economy is doing well, but as soon as you are unemployed, we are in a recession. What kind of sense does this make?
Who cares whether silver is going up or down. Look, if you are 50 years old, you could have bought gold for $40.00 per ounce and Silver for 12 bucks, under Nixon when he destroyed the monetary policy and made the privately owned Federal Reserve a very very rich concern!!!! They also called him tricky Dick!!!!
We have people suffering in America and nothing is being done about it. Our politicians Bailed out wall street and made them super rich again, they gave a selected few great jobs on main street, but the people who live in the alley behind main street continue to suffer and no one cares....
It is time to find and vote for an independent candidate, (no tea baggers), who want to cut the salary of the politicians in half, put people back to work by developing the infrastucture (high ways), develop solar technology, boycott every oil company that made a billion dollars and paid less than 16% in taxes as well as other corporation who got refunds from their billion dollar profits. We need to find someone who is willing to cover up those nuclear plants in Japan before it is too late!!!! (It is very close to being too late now) Wake up America!!!!

Dos Hombres, if I send my confirms in can a brother at least get a Breakout Shirt?

Don Harrold - whutta joke. A broken clock is right twice a day after his relentless rants about silver being overpriced for the longest time. He's been advocating silver a bust for a long time. Instead of giving credit to Harrold, why don't you ask him how much he's been down by betting against silver the past 8 months? Big frickin deal if silver is down to $35 an ounce.. the people who didn't listen to Harrold is still WAY up.

the guy made the call on silver based on some bullshit chart and lucksacked into a huge selloff that happened only because COMEX traders didnt have the money in the accounts to meet the 84% increase in margin requirements. its a fixed market. dont @#$% around in it

It's great to see Jon Najarian here on Breakout. I really appreciate the coverage on Breakout over the last several days of silver, and now today of the price correction in oil and the first sign of a slight rally in the dollar. Your coverage really helped me decide when to get in and when to exit my short term trades in silver and miners, and is complementing my own research and trading style in deciding whether to initiate new trades or stay on the sidelines during this volatile time.

The best part is that Jeff Macke honestly tries to tell you what you NEED to know, not what you WANT to hear, because he really doesn't want all the traders out there to get burnt badly. I want to hear the unvarnished truth, tell it to us straight. Don Harrold also speaks bluntly based on his convictions, and I appreciate it.

I think the concept of reversion to the mean, and oversold or overbought condition, are also important right now in understanding some of the metals and commodity price moves.

Personally I'm debating where to go from here now that the tide seems to have turned in the metals. There's still more trades to be made in that area but I'd like to expand beyond that to another area where increased volatility might bring some good trading possibilities.

"jobless claim numbers came in at an eight-month high at 474k."

The hottest movie of the season, "Hussein Crushes America" coming to theaters this Friday.

guess don caught wind of the increase in margin requirements.

CISCO is still up too